The official blog of the Journal of Institutional Economics
Summary of JOIE article “Money and its institutional substitutes: the role of exchange institutions in human cooperation”, by Cameron Harwick (George Mason University, USA). The full article is available on the JOIE website. The question “why does money exist?” has a very long pedigree. But it also has no answer without a background framing: “as…
Summary of JOIE article “Adapting as usual: integrative and segregative institutions shaping adaptation to climate change in local public administrations”, by Matteo Roggero (Resource Economics Group, Humboldt Universität zu Berlin, Berlin, Germany) and Andreas Thiel (International Agricultural Policy and Environmental Governance, University of Kassel, Kassel, Germany). The full article is available on the JOIE website….
Summary of JOIE article “Imposed Institutions and Preferences for Redistribution”, by Alberto Chong (Georgia State University, USA) and Mark Gradstein (Ben Gurion University of the Negev, Israel). The full article is available on the JOIE website. In two contrasting classical views – Neoclassical, and Marxist and Weberian traditions – it is strongly argued that institutional…
Summary of JOIE article “What makes prosecutors independent? Analysing the institutional determinants of prosecutorial independence”, by Stefan Voigt (Institute of Law and Economics, University of Hamburg, Hamburg, Germany) and Alexander J. Wulf (Institute of Law and Economics, University of Hamburg, Hamburg, and SRH Hochschule Berlin, Berlin, Germany). The full article is available on the JOIE…
Summary of JOIE article “Private Provision of Public Goods via Crowdfunding”, by Marek Hudik (Xi’an Jiaotong–Liverpool University, Suzhou, China) and Robert Chovanculiak (Institute of Economic and Social Studies, Bratislava, Slovakia). The full article is available on the JOIE website. In 2011, Highland Park in Michigan was compelled to remove over two-thirds of its streetlights because…
Summary of JOIE article “1688 and All That: Property Rights, the Glorious Revolution and the Rise of British Capitalism”, Journal of Institutional Economics, 13(1), March, pp. 79-107, by Geoffrey Hodgson (Hertfordshire Business School, University of Hertfordshire). The article is open access and available on the JOIE website. Sometime after 1700, GDP per capita began to…
Summary of JOIE articles “Property as sequential exchange: the forgotten limits of private contract” and “How should we model property? Thinking with my critics“, Benito Arruñada (Pompeu Fabra University and Barcelona GSE, email: benito.arrunada@upf.edu, website: http://econ.upf.edu/~arrunada). In “Property as sequential exchange: The forgotten limits of private contract”, Benito Arruñada traces the disconnection between economic analysis…
Summary of JOIE article “Institutions and Place: Rethinking the Political Economy of the Resource Curse”, by José Carlos Orihuela (Pontificia Universidad Católica del Perú). The article is available on the JOIE website. The resource curse debate has become a somewhat deadlocked academic conversation. Curse or blessing? Well, it depends. I argue that the way in…